Antarctica’s Shrinking Sea Ice Hits Record Low, Alarming Scientists
At its largest expanse this year, sea ice covered less than 17 million square kilometers (6.6 million square miles) of the Antarctic — an area that is 1 million square ...
International
Average Annual Cat Losses Now $133B For Insurance Industry: Verisk
The average annual loss from natural catastrophes has increased to $133 billion, a new high, according to latest analysis using Verisk's extreme event solutions models.. The increase in losses, ...
New Lloyd’s Lab InsurTech Cohort to Focus on Climate, Cyber and Sustainability in Asia Pacific
Lloyd's has announced the 12 teams that will join the 11th cohort of the Lloyd's Lab, the InsurTech accelerator hub for developing innovative insurance products in the ...
World Losing Race to Meet Climate Goals, COP28 President Says
The world is losing the race to meet its climate change goals, the president of the upcoming COP28 summit said on Tuesday, as African leaders called for changes to what ...
Allianz Establishes New $1.6B Private Credit Fund
Allianz Global Investors, the insurance company's money management division, is pushing ahead with plans to raise at least 1.5 billion euros ($1.63 billion) for a new global private credit fund, a ...
Insurance M&A Drops Sharply Globally in 2023
Regulatory changes and a reduced appetite for insurtechs are driving down insurance carrier mergers and acquisitions (M&A), a newly released report has found. M&A were down by 17 percent ...
Europeans Lack Insurance Protection as Wildfires and Drought Batter the Region
Europeans are among the least insured against certain types of extreme weather and other natural disasters in the developed world, a predicament made more worrisome as ...
Global Natural Disasters Cost Insurers $43B in H1, Surpassing 10-Yr Average: Munich Re
Natural disasters during the first half of 2023 cost insurers an estimated $43 billion with an overall economic price tag of $110 billion, according to Munich Re.
The number of court cases related to climate change has more than doubled in five years as impacts ranging from shrinking water resources to dangerous heatwaves hit home ...
Climate Change Lawsuits More Than Double in 5 Years as Impacts Hit Home
Aon: Global Disasters Push Economic Losses to a 21st Century High at $194B
A new report estimates $194 billion in economic losses due to global disasters for the first half of 2023. According to Aon's H1 2023 Global Catastrophe Recap, this is well above the 21st century ...